Starvest PLC Net Asset Value at 30 November 2017 (1319Y)

TIDMSVE

RNS Number : 1319Y

Starvest PLC

01 December 2017

1 December 2017

Starvest Plc ("Starvest" or "the Company")

Net Asset Value at 30 November 2017

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, is pleased to announce a Net Asset Value update as at 30 November 2017.

Callum Baxter, Chairman and CEO commented: "It is pleasing to note the continuing recovery in the mining sector and overall positive market sentiment. There has been a solid improvement in our portfolio value and company net asset value over recent months. We are seeing an increase in deal activity and look forward to introducing additional investment opportunities and building our quality specialist portfolio."

The net asset value as at the close of business on 30 November 2017 was as follows:

 
                              30 Nov  30 Sept 2017    31 March 
                                2017                    2017 
 Trading portfolio          GBP2.35m    GBP1.52m      GBP1.29m 
  value 
 Company net asset          GBP2.60m    GBP1.88m      GBP1.24m 
  value 
 Net asset value          4.92 pence   3.56 pence    2.84 pence 
  per share 
 Share price - mid        3.88 pence   4.62 pence    2.25 pence 
 Share price discount 
  to net asset value             21%      -30%          21% 
 Market capitalisation      GBP2.05m    GBP2.44m      GBP0.98m

All valuations are based on the closing market bid prices or lower directors' valuation as described in the 2017 annual report. The discounts applied to bid prices at 30 November 2017 totalled GBP238,891.

Starvest is a specialist mining and resource investment company and has the industry knowledge and market exposure to select compelling opportunities early in the investment cycle.

Investors are encouraged to view our RNS feed on the Starvest web site www.starvest.co.uk/announcements

Callum N Baxter

Chairman & Chief Executive

1 December 2017

Enquiries to:

Starvest PLC

Callum Baxter Chairman/CEO +44 7922 255 933 cbaxter@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke +44 2073 835 100

SI Capital Ltd (Appointed Broker)

Nick Emerson +44 1483 413 500

This information is provided by RNS